Diesel headquarters
Wednesday, August 13th, 2008General Motors Wednesday announced plans to invest 15 billion baht - $445 million - to build a new plant to manufacture clean, green turbo-diesel engines in Thailand.
“This plant will enable us to deliver to our customers the cleanest, most efficient diesel engine technology available,” said Steve Carlisle, president for General Motors Southeast Asia Operations and Chevrolet Sales (Thailand). “This is crucial in these days of rising fuel prices.”
The Thai investment extends Chief Executive Officer Rick Wagoner’s strategy of expanding in the Asia-Pacific region, where sales grew about 10 per cent in the first half in contrast to slumping demand in the US. GM is in danger of being overtaken as the world’s top auto maker by Toyota as it closes US plants.